StreetShares, a Reston, Va.-based mission-driven financial technology company, secured a $10m in funding.
Backers included Motley Fool Ventures, Ally Ventures (the strategic investment arm of Ally Financial), and individual fintech angel investors.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Mark L. Rockefeller and Mickey Konson, StreetShares is a fintech company that enables financial institutions to provide loans to small businesses.
The company launched digital small business lending technology for banks and credit unions in 2019. Since January 2020, clients nearly doubled to 53 financial institutions including Community banks, Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs).